7 Best Mutual Funds to Look Forward to in 2019

Mutual fund invests are attracting quite the limelight lately. They have become popular wealth-generating investments. People from all walks of life and practically any income group can invest in mutual funds. The availability of a large number of mutual fund investments in the investment market has made selecting the “just right” mutual fund that fits your requirements a daunting task. You must invest in a mutual fund based on your financial goals, investment horizon, risk appetite, budget, and preferences. Here is a ready of a few mutual funds topping the investment market right now.

ICICI Prudential Value Discovery Fund

The ICICI Prudential, Value Discovery Fund, is a value-oriented scheme that invests in undervalued stocks in the market. It is an open-ended fund. Its launch date is 4th March 2004. This Scheme is perfect for equity investors seeking to create wealth over a long period of time. It is popular for following a contrarian investing style. It has a high return scale. It does not have an entry load attached to it; however, an exit load of 1% is levied in case redemption is done before the completion of 1 year from the allotment date. The minimum Investment amount for ICICI Prudential Value Value Discovery Fund is Rs.500.

Birla SL Frontline Equity Fund

The Birla SL Frontline Equity Fund is an open-ended fund. It has a track record of more than 15 years. It has been one of the most consistent performers. It was incepted on 30th August 2002. The risk level associated with this fund is moderately high. This plan is best suited for investors who are looking for long-term capital growth through equity. It adds valuable nourishment to your investments by investing in rapidly growing industries such as FMCG, Finance, IT, and Oil and Gas. It is sure to bring you great returns. It does not have an entry load attached to it however, an exit load of 1%is levied in case it is redeemed before the completion of 1 year from the allotment date. The minimum Investment amount for the Birla SL Frontline Equity Fund is Rs.5000. Its Net Assets as on 30th April 2019 is Rs.22, 02,343.93 Lakhs.

L&T India Value Fund

This open-ended fund was incepted on 8th January 2010. The objective of this scheme is to generate good capital value appreciation on a long-term basis through a diversified portfolio. It primarily invests in equity and equity associated securities. Its primary focus is on understated and undervalued securities in the Indian Markets. However, it also invests in foreign securities. This fund is a moderate to high-risk bet. It does not have an entry load attached to it; however, an exit load of 1% is levied in case redemption is done before the completion of 1 year from the allotment date. The minimum Investment amount for L&T India Value Fund is Rs.5000.

SBI Bluechip Fund

The SBI Bluechip Fund is an open-ended scheme focused towards long-term wealth generation. Its launch date is 14th February 2006.The long-term objective of this scheme is high capital value appreciation. It invests in large-cap equity and equity associated securities. The risk level associated with the SBI Bluechip Fund is moderately high. It does not have an entry load attached to it; however, an exit load of 1% is levied in case it is redeemed before the completion of 1 year from the allotment date. The minimum amount of investment for SBI Bluechip Company is Rs.500.

HDFC Mid Cap Opportunities Fund

The HDFC Mid Cap Opportunities Fund was incepted on 25th June 2007. It is subject to moderate to high-risk level. It invests in Mid-Cap enterprises and Small-Cap enterprises. It offers investors lucrative capital growth on a long-term basis. The fund management carefully invests in businesses that have tremendous growth potential in the long run and are anticipated to become large-cap enterprises in the coming few years. This fund has been one of the most reliable and consistent performers for over a decade. It does not have entry load attached to it however, an exit load of 1% is levied in case it is redeemed before the completion of 1 year from the allotment date. The minimum amount of investment for HDFC Mid-Cap Opportunities Fund is Rs.5000.

Axis Long Term Equity Fund

Axis Long-Term Equity Fund is an open-ended ELSS Fund. It comes with a lock-in period of 3 years. Its launch date is 29th December 2009. This investment in best suited for people with a long-term investment horizon beyond 5 years. It is a moderately risky bet. This fund aims at creating long-term wealth creation through investment in the equity stocks of companies with a sustainable business model and high growth potential. The minimum amount of investment for Axis Long Term Equity Fund is Rs.500. This fund does not have any entry or exit load attached to it. It has the highest returns in comparison to other 80C investments.

Motilal Oswal Multicap 35

Motilal Oswal Multicap 35 was incepted on 28th April 2014.It is an open-ended equity fund. It has persistently beaten its benchmark ever since its launch. Its objective is long-term capital appreciation through investment in a maximum of 35 equity and equity associated securities. This fund has performed better than other funds, even in the market’s worst period. It is a perfect fit for investors looking for long-term wealth creation. Even though it invests in Small-Cap, Mid-Cap And Large-Cap companies, 80% of the Motilal Oswal Multicap 35’s assets are invested in proven large-cap enterprises. It is an equity scheme and holds a moderate to the high-risk proposition. The minimum amount of investment for Motilal Oswal Multicap 35 is Rs.1000. There is no entry load applicable to this fund. However, an exit load of 1% is charged if redemption is made on or before 15 days from the date of allotment. In the first year of the investment, the investors can make a withdrawal of up to 12% or the original investment cost without an exit load. If any sum is withdrawn beyond 12% within the 1st year, then it is subject to an exit load of 1%.